GHW INTL (09933.HK) announced that the company has been actively communicating with the Stock Exchange about the shares held by Endless Reward. According to the rules of the plan and the terms of the trust deed, the trustee (through Endless Reward) holds approximately 6.52% of the shares in trust for future rewards. The Stock Exchange has informed the company that since the company has not granted any rewards and the shares have not been allocated to any specific grantee, the shares currently held by Endless Reward should not be included in the company's public shareholding.

The company pointed out that as of September 27, October 16, and yesterday (24th), the company's public shareholding was approximately 19.57%, which is lower than the 25% of the total issued share capital as required by Listing Rule 8.08(1)(a). Since the trading volume of shares remains high and the company is not aware of any circumstances indicating that the market is not operating openly, fairly, and in an orderly manner, the company believes that, despite the insufficient public shareholding, its securities still have a public market.

The company is seeking professional advice and will take measures to restore the public shareholding to the minimum required percentage in accordance with the Listing Rules.